Thursday, February 9, 2023
No Result
View All Result
Afric Info
  • News
    • Cameroon
    • Egypt
    • Ethiopia
    • Ivory-Coast
    • Ghana
    • Kenya
    • Nigeria
    • South Africa
    • Sudan
    • Tanzania
    • Uganda
    • Zimbabwe
  • Health
  • Sports
  • Travel
  • News
    • Cameroon
    • Egypt
    • Ethiopia
    • Ivory-Coast
    • Ghana
    • Kenya
    • Nigeria
    • South Africa
    • Sudan
    • Tanzania
    • Uganda
    • Zimbabwe
  • Health
  • Sports
  • Travel
No Result
View All Result
Afric Info
No Result
View All Result
Home Travel

The Great Re-evaluation

November 1, 2022
inTravel
Share on FacebookShare on Twitter


Millicent Clarke, Regional Head of HR, Africa, and Middle East, Standard Chartered

A workforce revolution has set in, one which business cannot ignore. While not too long ago, compensation and benefits were enough to attract and retain talent – this is no longer the case. The reality is, since the onset of the pandemic, businesses have had to rapidly adapt to the changing employer – employee dynamic, where employee expectations have irrevocably changed, with a greater need for work-life balance, flexibility, and a changing work culture, going beyond pay and benefits.

Trends such as ‘The ‘Great Resignation’ has evolved into the ‘Great Reshuffle’ or the ‘Great Reimagination’, and more recently, ‘Quiet Quitting’, which is unlikely to go away with 40% of workers considering quitting their current jobs in the next 3-to-6 months, as revealed by a recent global McKinsey study. While these trends were accelerated by the pandemic, it is a timely opportunity to ask how companies can take a step forward in this transition. In an age where experience (how you feel) is the new currency, often experience has largely only been looked at from a customer perspective, however if businesses are to adapt and remain competitive, ‘employee experience’ must be given the same priority.

As a function, Human Resources is now, more than ever before, actively engaged in overall business strategy. To move forward, companies need to re-evaluate their employee experience with a refreshed lens and design a new proposition that meets and communicates the businesses’ value to today’s diverse workforce. This is known as the Employee Value Proposition (EVP), a brand’s unique and compelling promise made to the employee, that surmises the total businesses value an employee receives in exchange for their investment, in terms of valuable skills, experience and time. Matching or exceeding people’s expectations and creating a compelling EVP plays a critical role in attracting and retaining talent, accelerating business performance, and creating an engaged workforce.

So, how can companies create a strong EVP? Start off by listening and gathering feedback from your employees on their current experience. While this may sound simple enough, unfortunately over [2]83% of employees feel they are not heard fairly or equally, while just under half (46%) believe under-represented voices are not effectively listened to. This is a stark reminder to senior leaders to focus on getting as many diverse viewpoints as possible on how far your organisation is going to create a work environment that feels rewarding, nurturing, and purposeful. Assess your employee’s priorities by asking them to rate different organisational and job characteristics which matter most to them, and which most characterise their employee experience. While surveys are useful in understanding your organisation’s cultural pulse, they often only reveal part of the story. The most telling information is usually beneath the surface. This is where workforce data analysis goes a long way, helping you identify trends and patterns, and gain a clearer understanding of those systemic issues that need to be addressed.

Validate your findings with internal and external testing and define those valued behaviours against your strategic objectives. All of this will help you understand what most attracts people to working at your company, and what keeps them there. These results will help form the narrative of your EVP and how this differentiates your organisation, if it is realistic and inspirational enough, and its ability to be broad enough to appeal to different groups. A refreshed employee value proposition becomes the foundation for prioritising your investments to create a great employee experience. Driving value proposition with a people focused strategy will empower employees to bring to life the company’s strategic priorities, bring an organisation closer to their aspired culture, and deliver a differentiated employee experience.

Most importantly, it must be used as a roadmap that is built around your customers. At Standard Chartered, our My Voice survey which we started in 2014 has evolved in similar fashion, where our findings help us at arrive at key insights that make us question: How can we inspire our employees more with interesting work that is impactful? How are we continuing to strive towards innovation and growing our commitment to the markets we operate in? How can we be more of a sustainable and ethical brand, in tandem with our purpose to be ‘Here for good’? Furthermore, with employees today feeling more burnt out and stressed than ever before, how are we offering unrivalled growth and career opportunities, strong leadership, an enriched work environment, fair rewards and better work-life balance? We believe our efforts in creating a more inclusive, equitable, and desirable workplace environment are headed in the right direction. We have recently been awarded the Great Place to Work Certification in Bahrain. More recently, in the United States, we were recognised as one of the Top 100 Most Loved Workplaces for 2022 by Newsweek.

I’m confident that challenging the effectiveness of your EVP and communicating your EVP results consistently will truly create an inclusive workplace that maximises your diversity and empowers your workforce with the skills that are most needed for the future. Today, organisations are at a critical crossroad, as the war for attracting and retaining talent rages on. Re-evaluating if your current EVP is still relevant, may well be the defining question for business leaders in a post-pandemic world, and as companies increasingly invest in creating a refreshed employee experience, they take a crucial step towards future-proofing their business for the new shape of work.

ADVERTISEMENT



Source link : https://www.africa.com/the-great-re-evaluation-create-a-strong-employee-value-proposition-that-exceeds-employee-expectations/

Author : Editor

Publish date : 2022-11-01 08:20:00

Tags: travel
Previous Post

World Cup: Senegal ‘will give it all to play a great tournament’ – Diatta

Next Post

Rwanda: Diets to Prevent Non-Communicable Diseases

Last News

Eskom COO job to be scrapped after Oberholzer retires – News24

Why Ponzi scheme thrives in Nigeria – Guardian Nigeria

31 mins ago
Eskom COO job to be scrapped after Oberholzer retires – News24

Merkel receives Unesco peace prize in Ivory Coast – The News International

56 mins ago
Eskom COO job to be scrapped after Oberholzer retires – News24

Zimbabwe-born teen ace Madanha included in Australia Under-20s … – New Zimbabwe.com

1 hour ago
Eskom COO job to be scrapped after Oberholzer retires – News24

Wanted: Someone to explain what is happening in Nigeria – Daily Trust

1 hour ago
Eskom COO job to be scrapped after Oberholzer retires – News24

Comet Tracker: Where And When To See The ‘Green Comet’ Whizz Past Red Mars This Weekend – Forbes

2 hours ago
Nigeria election 2023 in Katsina: ‘You let kidnappers take me, now you want my vote’

Nigeria election 2023 in Katsina: ‘You let kidnappers take me, now you want my vote’

2 hours ago
Eskom COO job to be scrapped after Oberholzer retires – News24

Flying high for unity on the ecumenical pilgrimage to South Sudan – The Tablet

2 hours ago
Eskom COO job to be scrapped after Oberholzer retires – News24

Greening Nigeria Labour Congress – Punch Newspapers

2 hours ago

Categories

No Result
View All Result
  • Africa News

© 2022 AFRICC.info.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version

The Great Re-evaluationhttps://www.collegae.net/  https://www.montanhastudio.com  https://costumes-deguisement.com  https://lenoblebricoltout.fr  https://www.magasinjouet.net  
---
Le petit soldat de plomb: Les plus beaux contes pour enfants * JO de Paris 2024 : pas de sportifs russes « tant qu'il y aura la guerre – Le Parisien * The Hill’s Morning Report — Biden to GOP: ‘Let’s finish the job’ *  *ZIOOER Femmes Automne Casual Vrac Lâche Chemise Manches Longues Coton T-Shirt Top Blouse Pull Shirt * Silverline 250475 Lot de 10 Rubans PTFE 12 m *  *-* Erreur : SQLSTATE[HY000] [1203] User jpc_theglobe already has more than 'max_user_connections' active connectionsThe Great Re-evaluation*The Great Re-evaluation